IATA says another $700m owed money still in Nigerian banks
Jan. 31, 2024 Nigeria’s central bank said it had cleared the entire backlog of verified claims owed to foreign airlines whose payments had been blocked in the country, but airline…
Nigeria seeks to resolve disputed oilfield issues, denies criminal liability
January 31, 2024 Nigeria wants to resolve outstanding issues around the disputed OPL 245 oil block as it seeks to attract investment to its oil and gas industry and has…
Burkina Faso may leave West African currency union, Mali says not planning to
Jan. 31, 2024 Mail said on Wednesday it was not planning to leave West Africa’s currency zone while Burkino Faso indicated it would do so after they and Niger announced…
Court orders arrest of Fubara’s Chief of Staff over alleged burning of Rivers assembly
Jan. 31, 2024 A Federal High Court, Abuja, on Wednesday, issued a warrant for the arrest of Mr. Edison Ehie, the Chief of Staff (CoS) to Gov. Siminalayi Fubara of…
Navy destroys 3 illegal refining sites, recovers 50,000 litres of stolen crude oil in Bayelsa
Jan. 31, 2024 The Nigerian Navy Forward Operating Base, FORMOSO, in Bayelsa, destroyed three illegal refining sites between Sunday and Tuesday, Capt. Murtala Rogo, the Commanding Officer, stated on Wednesday…
Exposed! Religious sect laundering money for terrorists, N7bn uncovered
Chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says the agency has uncovered a religious sect laundering money for terrorists. Olukoyede, who made the revelation at a…
Time to temper the headlines on Nigeria’s security challenges
By Bayo Onanuga I woke up Tuesday to read some hair-raising headlines about kidnapping and killings in our country. “Over 17,000 Nigerians abducted under Buhari and Tinubu”, screamed one…
Woman welcomes sextuplets in Abuja after 13 years of childlessness in marriage
Jan. 31, 2024 Mrs Precious Ifeanyi, a business woman married for 13 years welcomed a set of sextuplets at the National Hospital, Abuja on Monday. Ifeanyi, a native of Ebonyi…
Nigeria caps FX position for banks, dollar bonds drop
Jan. 31, 2024 Nigeria’s central bank announced limits on how much banks can hold in foreign currencies on Wednesday and expressed concern about the growth of forex exposures on their…
FG, UK partner on minerals deposits development
Jan. 31, 2024 The Federal Government is partnering with the United Kingdom to establish a joint technical working group for the development of critical mineral deposits in the country. Dr…